Fiat Withdrawals Could Become ‘Impossible’, Warns Major Indian Cryptocurrency Exchange

In light of that [RBI circular], please note that if Zebpay bank accounts are disrupted, rupee deposits and withdrawals will become impossible. This can cause discontinuation of crypto trade based on rupees, or at least cause significant price movements.

Informative article about India and crypto. Sad the way India is going to try to trap people's money so they can't use it, to me, the more reason to own crypto. If the Indian government will treat the people like that with crypto, they'll do it in other ways. When a banking crisis comes along, they'll trap the people's money in the banking system. I guess the people know better, after all they've been storing their wealth in gold forever.

Read the full story here...
https://www.ccn.com/indian-crypto-exchange-zebpaywarns-fiat-withdrawals-could-become-impossible/